Entries by synecticgroup

6 business plan mistakes that turn investors away

Credit reporting and receivables management company, Dun & Bradstreet (D&B), has found that new or inexperienced entrepreneurs often send business plans to potential investors before their plan is fully completed or vetted. Here are some common mistakes that D&B says too many business owners make when developing a business plan; and they are turning potential investors […]

Auditors: An SMSF essential

Auditors play a crucial role in the compliance regime of self managed superannuation funds (SMSFs). The legislation that governs the SMSF sector requires that accounts, statements and all compliance needs of an SMSF be audited every year by an “approved auditor”*.

SMSFs investing in property: Tips and traps

Many SMSF trustees contemplate investing in real property as part of the fund’s investment strategy. However, a Tax Office notification has raised concerns that some trustees may not fully consider the risks and issues associated with holding a real property investment and how this can affect other aspects of the fund, such as benefit payments.

Employee or contractor? 12 common myths

The Tax Office says that it has encountered several myths and assumptions adopted by both workers and employers when it comes to trying to decide the tax status of a job appointment. It found that employers continually rely upon some inaccurate factors when making distinctions about what makes a worker an employee or contractor — and […]

Welcome Danny Hoare – another reason you can count on us

We are pleased to announce the appointment of Danny Hoare as a Senior Manager in our Launceston office. Another of our Xero Certified Advisers, Danny has a particular interest in helping clients to employ technology to gain a competitive advantage. We are delighted to have Danny’s business advisory, taxation and cloud accounting expertise on our team.

Continuing to lead the accounting profession with new CA ANZ appointment

Synectic are proud to acknowledge director Ben Coull‘s recent appointment as chair of Tasmanian Regional Council of Chartered Accountants Australia & New Zealand. Ben takes on this role at an exciting time, with the amalgamation of the two trans-Tasman chartered accounting bodies recently being bedded down. The new Chartered Accountants ANZ body has an ideal opportunity […]